This Chart Shows How Big Tech's Battle for Cybersecurity Dominance is Heating Up
Cybersecurity has been a hot topic as of late due to heightened Russian aggression. The source of these attacks can easily be hidden, yet the damage can be quite noticeable -- take the Colonial Pipeline cyberattack, for example. Because of the current environment, businesses are taking steps to bulk up their cybersecurity offerings, allowing those selling the services to thrive.
Among the companies selling the products are tech giants like Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and Microsoft (NASDAQ: MSFT). These businesses are among the best in the world and will seize every opportunity to expand their reach. One area they clearly see potential in is cybersecurity, as shown in the chart.
Image source: Statista.
Source Fool.com
